May 25, 2011

No bags or boxes are needed, but consumers are piling up virtual goods in social games with no slowdown in sight.

Never mind that it's real money being spent on fake stuff.

Gamers want the experience and they know what they're getting, says the CEO of Antic Entertainment, an independent game studio in London, Ont.

"They play the game and when they buy, there's very little buyer's remorse," said Fredrik Liliegren, whose company has launched "Junk Wars" where gamers buy virtual parts to build their own combat vehicles.

"Junk Wars" players have spent as little as 10 cents and up to $160 on a part, Liliegren said.

Even though "Junk Wars," found on FaceBook and Kongregate, didn't meet revenue expectations, it pays for itself and Antic uses it as a marketing tool, Liliegren said. The company that he co-founded has two other free games in the works that will sell virtual goods, with one of them headed to FaceBook.

The other option is to win facebook credits by filling out surveys and playing games.

May 19, 2011

This Facebook Credit phenomenon is really taking off. Now you will be able to start using the Facebook credits you buy or eran to buy actual merchandise from a variety of merchants. Too cool for school or what?

May 08, 2011

Facebook credits are rapidly becoming an alternate currency which you will be able to use to buy all sorts of stuff both on Facebook and elsewhere. This means that if you can't earn $25 an hour in real currency you might as well earn the same in Facebook credits. Read this:

So why couldn't Facebook use them as real currency, too? In fact, why couldn't Facebook become your bank?

Money Is A-Changing

At first blush, this seems like a crazy idea. Facebook would need to overcome consumer privacy concerns, expand its Credits into a payment system that works everywhere, and surmount regulatory hurdles to handle businesses such as deposits and mortgage servicing. Crazy, until you realize how smartphones are changing the world of money.

February 05, 2011

This site creates a page automatically to make appear as if it has the item. The automated page creation is triggered by a visitor at the site doing a search for it. The objective is to trick you into providing it with your credit card or debit card info. Want to be the victim of identity theft? Give them the info.

Investors, such as Microsoft’s
Bill Gates, are sitting on billions of dollars in losses after buying
into the corn-based ethanol industry that George W. Bush embraced as
the ans wer to US energy woes.

Six of the biggest publicly traded
US ethanol producers have lost more than $8.7bn in market value since
the peak of the boom in mid-2006 and the beginning of this month,
according to an analysis by the Financial Times. The boom followed a
2005 law requiring refiners to mix billions of gallons of the biofuel
with petrol. (source)